Treasury

Scottish Government and Welsh Government funding

Baroness Vere of Norbiton: My right honourable friend the Chief Secretary to the Treasury (Laura Trott) has today made the following Written Ministerial Statement.In addition to changes in funding at Supplementary Estimates 2023-24, and in line with the Statement of Funding Policy, the Welsh Government has chosen to draw down £265.056 million in Resource DEL (excluding depreciation), £47.230m in Capital DEL (General) and £37.420 million in Capital DEL (Financial Transactions) from the Wales Reserve in 2023-24.The Scottish Government has confirmed that they wish to carry forward £14.758 million in Capital DEL (General) outside of the Scotland Reserve and defer a reduction of £52.838 million in Capital DEL (Financial Transactions) from 2023-24 to 2024-25.The flexibility to carry forward funding outside the Reserve and to defer the reduction in Capital DEL (Financial Transactions) was exceptionally agreed to help the Scottish Government and Welsh Government to manage late changes to their budgets.Revised 2023-24 funding is as follows:£millionScottish GovernmentWelsh GovernmentResource DEL excluding depreciation137,608.69216,718.329Capital DEL (General)6,073.6343,079.192Capital DEL (Financial Transactions)349.926124.682Total DEL 44,032.25219,922.2031Due to the scale of tax devolution in Scotland, Scottish Government DEL funding is shown excluding tax and welfare Block Grant Adjustments. Welsh Government DEL funding is shown including tax Block Grant Adjustments.

Annual European Union Finances Statement

Baroness Vere of Norbiton: My right hnourable friend the Chief Secretary to the Treasury (Laura Trott) made the following Written Ministerial Statement on 21 March.I am today laying before Parliament, “The European Union Finances Statement 2023 on the implementation of the Withdrawal Agreement’” (CP 1043). This is an annual publication; this year’s edition covers the period from 1 January 2023 to 31 December 2023.